Business
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Dropbox to unveil 2 new products as part of effort to build up its business offerings
Jan 30, 2017News Hour: A decade after its founding as a file-sharing business, Dropbox Inc is trying to become a new kind of company. On Monday, the highly valued digital storage company is unveiling two new products –... -
Snap Inc chose NYSE for its initial public offering
Jan 30, 2017News Hour: Snap Inc, the owner of the popular messaging service Snapchat, has chosen Intercontinental Exchange Inc’s New York Stock Exchange (NYSE) for its initial public offering (IPO), a person familiar with the matter said on... -
Fitbit Inc estimated Q4 revenue below its own forecast
Jan 30, 2017News Hour: Wearable fitness device maker Fitbit Inc estimated fourth-quarter revenue below its own forecast and said it would cut about 6 percent of its workforce after a weaker-than-expected holiday quarter. Fitbit’s shares fell nearly 14 percent... -
Sony Corp booked impairment charge of $976 million on the goodwill value of its movie segment
Jan 30, 2017News Hour: Sony Corp said it booked an impairment charge of 112.1 billion yen ($976 million) on the goodwill value of its movie segment in the quarter ended December, as online streaming services sapped demand for... -
Japanese trust banks prepare to sue Toshiba Corp over its 2015 accounting scandal
Jan 30, 2017News Hour: Japanese trust banks are preparing to sue Toshiba Corp over its 2015 accounting scandal, a fresh headache for the conglomerate as it scrambles to offset a separate imminent multi-billion dollar writedown. The news follows... -
The dollar tumbled against its major peers in Asia
Jan 30, 2017News Hour: The dollar tumbled against its major peers in Asia on Monday while regional markets sank in holiday-thinned trade as traders were spooked by tensions caused by Donald Trump’s divisive immigration ban. A disappointing reading... -
Wall Street finished a dramatic week with a whimper
Jan 28, 2017News Hour: Wall Street finished a dramatic week with a whimper on Friday, with stocks finishing near flat following a report showing sluggish US growth in the fourth quarter. Analysts said the market was still digesting... -
Novartis highlights progress towards access and environmental goals in 2016 CR Performance Report
Jan 28, 2017News Hour: Novartis published its Corporate Responsibility (CR) Performance Report for the fourth consecutive year, highlighting progress on access and environmental goals in 2016. Building on the company’s long history of corporate responsibility and transparent reporting,... -
Ford’s earnings to be hit by a delayed currency impact of at least $600 million from Brexit
Jan 27, 2017News Hour: Ford’s 2017 earnings will be hit by a delayed currency impact of at least $600 million from Britain’s vote to leave the European Union, the U.S. carmaker told Reuters, putting last year’s record European profit... -
German prosecutors are investigating former Volkswagen CEO on suspicion of fraud
Jan 27, 2017News Hour: German prosecutors are investigating former Volkswagen chief executive Martin Winterkorn on suspicion of fraud, looking into when he first knew that the carmaker was rigging diesel emissions tests. It is the second investigation into...
